<ul>
	<li>Construction of a 15-storey residential building with 54 apartments</li>
	<li>Ground level includes: swimming pool, lobby, meeting room, yoga area, gymnasium, reception, and function room</li>
	<li>Level 1: 1 x 1 bedroom apartment and 3 x 3 bedroom apartments</li>
	<li>Levels 2-13: 1 x 2 bedroom apartment and 3 x 3 bedroom apartments on each level</li>
	<li>Level 14: 2 x 3 bedroom apartments</li>
	<li>Rooftop terrace features: swimming pool, kitchenette, steam and sauna area, gymnasium, outdoor terrace, bathroom, and undercover dining area</li>
	<li>Lifts for vertical transportation</li>
	<li>Exterior: concrete facade, soffit balcony, glass panels, aluminum screens, and stone cladding</li>
	<li>2 levels of basement car parking with space for 117 vehicles, including 110 residential and 7 visitor spaces</li>
	<li>Associated landscaping to enhance the surroundings of the building.</li>
</ul>

<ul><li>Construction of a 15-storey residential building with 54 apartments</li>
	<li>Ground level includes: swimming pool, lobby, meeting room, yoga area, gymnasium, reception, and function room</li>
	<li>Level 1: 1 x 1 bedroom apartment and 3 x 3 bedroom apartments</li>
	<li>Levels 2-13: 1 x 2 bedroom apartment and 3 x 3 bedroom apartments on each level</li>
	<li>Level 14: 2 x 3 bedroom apartments</li>
	<li>Rooftop terrace features: swimming pool, kitchenette, steam and sauna area, gymnasium, outdoor terrace, bathroom, and undercover dining area</li>
	<li>Lifts for vertical transportation</li>
	<li>Exterior: concrete facade, soffit balcony, glass panels, aluminum screens, and stone cladding</li>
	<li>2 levels of basement car parking with space for 117 vehicles, including 110 residential and 7 visitor spaces</li>
	<li>Associated landscaping to enhance the surroundings of the building.</li>
</ul>

55 Eden Avenue, Coolangatta

11 Anne Avenue, Broadbeach

The tight Gold Coast unit market continued to outperform its house market counterpart in October.

CoreLopgic's Monthly Index showed a further 0.4 per cent growth in units across the Gold Coast, compared to 0.1 per cent growth in houses.

Over the last 12 months, Gold Coast units values have risen 11.9 per cent.

The median value of a unit on the Gold Coast is now $818,000, adding nearly $100,000 having started 2024 at $727,000.

In 2023, unit values rose 10.8 per cent, according to CoreLogic data.

<h2>What happened in the Gold Coast off the plan apartment market in October?</h2>

It was a relatively quiet month in the Gold Coast off the plan apartment market, with only a handful of new developments submitted to council, and another month of no new projects for buyers to choose from.

The Abedian family propped up the apartment supply in October, filing plans for two of its sites in <a href="https://www.urban.com.au/developments/coolangatta-qld-4225">Coolangatta</a> and <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a>.

The first lodgement was for two eight-level towers on part of its 7,000 sqm plus site borderning Marine Parade and Eden Avenue. It's the site of the Greenmount Hotel &amp; Resort which was bought by the Abedian's new development company, Arium, for $42.1 million in 2021.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-propose-second-stage-of-greenmount-beach-hotel-redevelopment">First look exclusive: Abedian family propose second stage of Greenmount Beach Hotel redevelopment</a>

Then the family, through another new brand, <a href="https://www.urban.com.au/developers/abedian-co">Abedian &amp; Co</a>, filed for a 47-level tower at its Mary Avenue site which <a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-line-up-next-gold-coast-apartment-development-after-multiple-site-acquisitions">Urban revealed they bought earlier this year</a>.

The $580 million plans are for 115 two, three, four and five-bedroom apartments.

Read more: <a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-reveal-broadbeach-apartment-plans">First look exclusive: Abedian family reveal Broadbeach apartment plans</a>

<a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-reveal-broadbeach-apartment-plans"><img alt="Abedian" data-entity-type="file" data-entity-uuid="69db548c-c68f-4eed-aa22-17814bb355b5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-31%20at%2012.34.49%E2%80%AFPM.png?VersionId=3E1infqUiFH.nCJ.EOBauJtZuzOyeLeM" /></a> 
The Mary Avenue tower by Abedian &amp; Co. Image credit: BDA

Serial Gold Coast developer Marquee launched its penthouse collection atop La Belle, it's luxury Palm Beach development that is over 70 per cent sold.

The Penthouse Collection includes 10 sub penthouses and the sprawling five-bedroom Grand Penthouse.

The Grand Penthouse offers 520 sqm of internal living space and a further 162 sqm of external area. It has five&nbsp;bedrooms, four and a half bathrooms, a multi-purpose room, and four car parks, along with an indoor cinema, wine display, a large home office, and a feature fireplace,&nbsp;

The subpenthouses are a mix of three and four-bedroom apartments. The three-bedroom sub penthouses start from $4,125,000 and the four-beds from $7.5 million.&nbsp;

Construction recently kicked off on the&nbsp;<a href="https://www.urban.com.au/new-apartments/la-belle-palm-beach-332-the-esplanade-palm-beach">14-level building</a>&nbsp;with 75 apartments. Completion is slated for Q2 2026.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/marquee-launches-exclusive-penthouse-collection-at-la-belle-palm-beach">Marquee launches exclusive penthouse collection at La Belle Palm Beach</a>

It was a relatively quiet month in the Gold Coast off the plan apartment market, with only a handful of new developments submitted to council, and another month of no new projects for buyers to choose from

Joel Robinson

City Beat November 2024: Gold Coast units continue to outperform houses

The Abedian family has revealed what it is planning for its recently acquired <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a> site.

The Abedian family, who founded and operated Sunland Group for four decades before closing its doors last year to operate as a private family business, secured adjoining sites from Little Projects and Bassar Group earlier this year.

They amalgamated several sites, totaling over 2,000 sqm across 14-20 Mary Avenue, opposite <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a> State School. They're now planning a 47-level tower with 115 two, three, four and five-bedroom apartments designed by BDA.

The plans show the developer name as <a href="https://www.urban.com.au/developers/abedian-co">Abedian &amp; Co</a>, as opposed to <a href="https://www.urban.com.au/developers/arium">Arium</a>, the development name they had been using since closing down Sunland.

<img alt="Arium" data-entity-type="file" data-entity-uuid="5666ddf3-03f5-466b-988d-d0b38d7f69c4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-31%20at%2012.34.43%E2%80%AFPM.png?VersionId=k6UoOCRsv3.UOs8Axd8hYalPllbip3PA" />

BDA said in their design statement submitted to the Gold Coast City Council this week that the project offers the opportunity to "generate an elegant and curvaceous residential tower that will enhance the ever evolving Broadbeach skyline."

"As designed, the project will provide a memorable sculptural residential building."

True to what the Abedian's have produced before, the focus is on large-scale apartments. There are 28 two-bedroom apartments proposed,&nbsp;38 three-beds, each with either a study or a media room, 42 four-bedroom units with a media room, and seven five-bedroom apartments.

"The apartments provided are large liveable apartments that can cater for families and focus on maximising natural ventilation and natural light," BDA added.

Each apartment has a balcony that is designed to be operated as an outdoor living room.

The communal recreation facilities are proposed on the fourth and fifth levels, comprising a&nbsp;25m cantilevered lap pool, indoor and outdoor spas, a wellness centre with a gym, yoga room, treatment room, steam room, and a sauna. There's also a resident club room, lounge, a private dining room with separate kitchen, a theatre room, and a meeting room with work from home capabilities.

<img alt="Arium" data-entity-type="file" data-entity-uuid="1ac9b792-e824-499f-9e40-56f077fc846d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-31%20at%2012.32.31%E2%80%AFPM.png?VersionId=AnV9glW5UiOgtKn4m.saRarbiiT77Rrw" />

The apartments will have protected views of the beach and the ocean to the east, given the position next to Broadbeach State School.

The site is currently vacant, with the exception of a small two-level apartment building to the north. It is bounded to the north by a two-level residential apartment building with eight units, while to the south is another two-level apartment building with four units.

Arium has been busy since being founded by Soheil Abedian and his son Sahba. They paid over $40 million for the Greenmount Hotel in Coolangatta in 2021 and have gone through several iterations of the design. They&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-propose-second-stage-of-greenmount-beach-hotel-redevelopment">recently laid plans for the second stage</a> of the project.

They also have another site in Broadbeach at 11 Anne Avenue, bought earlier this year.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-propose-second-stage-of-greenmount-beach-hotel-redevelopment">First look exclusive: Abedian family propose second stage of Greenmount Beach Hotel redevelopment</a>

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-go-again-in-broadbeach">First look exclusive: Abedian family go again in Broadbeach</a>

First look exclusive: Abedian family reveals Broadbeach apartment plans

The Abedian family is getting closer to finalizing plans for its&nbsp;new apartments on the site of the former Greenmount Beach Hotel.

The Abedian's, under their new development company Arium, spent $42.1 million on the&nbsp;amalgamated 7,071 sqm block, bordering Marine Parade, Eden Avenue and Hill Street, back in 2021, before going into planning mode for the prime site which sits between Rainbow Beach and Greenmount Beach and offers never-to-be-built-out views over the sand.

They're subdividing the site, and will deliver the projects in two stages. The first application came in in 2023 when they submitted a plan for a 16-level tower with 54 apartments designed by Contreras Earl Architecture.

<img alt="Contreras" data-entity-type="file" data-entity-uuid="71b7bba5-2adb-418a-83bc-e2031975ebed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-28%20at%202.42.42%E2%80%AFPM.png?VersionId=brdiy5HM_TdBE2LTzE30XZe0WJlB3RYx" />The former plans by Contreras Earl Architect on the northern section of the site

Those plans were superseded earlier this year when Arium had&nbsp;111 Design Studio completely redesign the development, proposing two 14-levels with 63 apartments fronting Marine Parade.

Now, sticking with 111 Design, Arium has submitted plans for the 2,580 sqm section of the site that fronts Eden Lane. The plans are for two eight-level buildings with 45 apartments, made up of 14 two-bedroom apartments and 31 three bedrooms.<img alt="Rainbow" data-entity-type="file" data-entity-uuid="79c5bad7-8de1-4942-8336-0302f6624fd2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-28%20at%201.47.32%E2%80%AFPM.png?VersionId=dWSOdM2a1rMiEbubhQgAZ727wG8QPmAi" />The new plans by 111 Design Studio

The Town Planning Report by Zone Planning said the&nbsp;architecture of the buildings has been carefully curated having regard to the built form, scale and appearance of the two towers on the northern side of the site.

"The proposed towers incorporate the same high-quality concave balustrades and wrapping balconies that project from the corners of the building, the report noted.

"These feature elements give the buildings’ shape, introduce shadow play and visual depth to the elevations. The clear balcony glazing promotes through the edges of the buildings’ which reduces perceived building bulk and the potential for overbearing form/scale."

The 78 parking spaces will sit across two basement levels. The ground level communal area facilities will comprise&nbsp;a water feature, lounge areas, outdoor BBQ areas, lawn terraces, lounge areas, a gym, and extensive landscaping.

One of the rooftops will have&nbsp;lawn terrace areas, kids play area, fire pits, breakout spaces, terrace seating and communal vegetable gardens, while the other building has upper and lower levels that will home&nbsp;lawned areas, communal vegetable gardens, fire pits, a swimming pool, a sauna, and a spa.

<img alt="Eden" data-entity-type="file" data-entity-uuid="cfa3ab98-61fd-499f-8e8d-286e7de37150" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-28%20at%203.03.33%E2%80%AFPM.png?VersionId=3b8ZyNQNU.nqf2kPWzolncaEVlPTd5zs" />

The Abedian family shut down Sunland and started Arium.

The developer has since bought two adjoining sites in Broadbeach, from Little Projects and Bassar Group.

They then secured a&nbsp;516 sqm site at 11 Anne Avenue from Di Carlo Property Group.

First look exclusive: Abedian family propose second stage of Greenmount Beach Hotel redevelopment

Two and a half years ago, when I was looking at the Broadbeach market in particular, I wrote a piece looking at the Broadbeach market.

"Why it's all about Broadbeach in 2022," was the article headline.

Fast forward to the present, and it's still all about Broadbeach. The fundamentals haven't changed, and interest in the market has continued from both developers and buyers.

Broadbeach has everything, from the famous Gold Coast beach to the amenity of the new Star Casino and the Gold Coast Convention and Exhibition Centre.&nbsp;

During 2021 and 2022, the suburb gained immense popularity among interstate investors, with inquiries from those seeking off the plan apartments from New South Wales and Victoria exceeding 40 per cent, data from <a href="https://industry.urban.com.au/data-insights">MatterFact</a>, Urban's new data product, showed.

While enquiry has declined from the peaks when the southern states were in and out of lock down,&nbsp;<a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a> is still consistently one of the most enquired on suburbs across the Gold Coast on <a href="https://www.urban.com.au/">Urban.com.au</a>.

Now local owner-occupiers dominate the market, while first home buyers are acting quickly to secure the first release of apartments knowing they're in competition for the entry level apartments with a still higher than normal interstate investor audience.

First home buyers now make up less than a fifth of the Broadbeach market given the huge price growth during the pandemic.

Data gathered from property data analytics firm, CoreLogic, showed the rolling annual growth from September 2020 jumped from 3.3 per cent to 37.2 per cent in September 2021. It remained well above 30 per cent until early 2022 when growth started to cool.

While declines were felt for just a few months in 2023 when nationally the country was going through a correction due to interest rate increases, growth has again picked up, with the rolling annual growth now stable between 10 and 15 per cent over 2024.

Barry Morris' Morris Property Group has known the draw of Broadbeach for nearly three decades. It was in the 1990s when Morris delved into Broadbeach. Now they're delivering their 10th and 11th projects in the suburb, with only a handful outside of the suburb over the last 25 years.

"Buyers love Broadbeach because it offers beachside living with metropolitan amenities, which is what the market is after," Morris told Urban back in 2022.

Morris has waited until they've nearly completed construction before launching <a href="https://www.urban.com.au/new-apartments/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo Broadbeach</a>, just 16 half-floor apartments near the Gold Coast Convention and Exhibition Centre.

[smartcode_project:default project_id=112549 project_image_fid=293546]

The launch of Malo comes hot on the heels of success from <a href="https://www.urban.com.au/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a> nearby. Launched late last year, Crest, which comprises 182 two and three-bedroom apartments, has sold well over half of its apartments and recently kicked off construction through their in-house building arm.

There's no chance of Morris slowing down in Broadbeach either, however it's becoming more difficult to acquire a development site in the small 1.4 square kilometre suburb perfectly positioned between the bustling Surfers Paradise and the quieter Mermaid Beach.

They do have another tower lined up to launch before the end of the year.

Similar to Malo, <a href="https://www.urban.com.au/new-apartments/22-chelsea-avenue-broadbeach">Maison Broadbeach at 22 Chelsea Avenue</a>, will comprise just 18 three-bed apartments across a 20-level building.

[smartcode_project:default project_id=112024 project_image_fid=286004]

It was the draw Broadbeach that lured Sydney billionaire Sam Aranout's Iris Capital to the Gold Coast. They spent a reported $58 million on the landmark Niecon Plaza in 2021.

Not many developers can boast a $1 billion-plus development as their first in many states. Of course, Iris has a huge pedigree in both the residential development and hotel market. They're behind the $1 billion Newcastle placemaking development, East End, and own a string of hotels across the country.

[smartcode_project:default project_id=107928 project_image_fid=234100]

<a href="https://www.urban.com.au/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a>, or V&amp;A as it's been more commonly referred to, comprises just over 400 apartments across two towers in the heart of Broadbeach.

The towers will have some of the most amenity ever produced on the Gold Coast, with a 25-metre lap pool, a fully equipped gym, a yoga deck and a resident’s lounge. The podium will also feature a children’s area, a Zen garden, and an outdoor dining and barbecue area adorned with lush green landscape.

Residents will sit above, and have direct access to, the full commercial precinct that will occupy the ground and podium levels and will home a suite of hand-selected retailers.

[smartcode_project:default project_id=107928 project_image_fid=234097]

<a href="https://www.urban.com.au/developers/mosaic-property-group">Mosaic Property</a>, one of South East Queensland's most prominent builder developers, is approaching completion of its two Broadbeach apartment developments, <a href="https://www.urban.com.au/new-apartments/marella-146-surf-parade-broadbeach">Marella</a> and <a href="https://www.urban.com.au/new-apartments/lily-by-mosaic-4-rosewood-avenue-broadbeach">Lily</a>, the debut apartment towers by Mosaic in Broadbeach.

When speaking to Mosaic CEO Brook Monahan in 2022, he said there's a lot of nostalgia with Broadbeach for a lot of residents in South East Queensland.

"It's a very nostalgic place for a lot of people who would have come to Broadbeach and holidayed as kids," Monahan says, adding that the walkability factor puts Broadbeach ahead of other Gold Coast suburbs.

"You can walk to 75 coffee shops/resultants, the light rail, or the surf club in minutes, as well as being on the doorstep of Pacific Fair shopping centre and the casino, which makes it one of the most appealing areas up and down the coast."

[smartcode_project:default project_id=112611 project_image_fid=206451]

The Broadbeach apartment development pipeline is possibly not as large as it was in 2022, but there are several major developments coming up.

<a href="https://www.urban.com.au/developers/amalgamated-property-group">Amalgamated Property Group</a> and joint venture partner Base Developments are preparing to launch its second Broadbeach development, Affinity Broadbeach, following the success of <a href="https://www.urban.com.au/new-apartments/amaya-at-broadbeach-30-first-avenue-broadbeach-qld-4218">Amaya Broadbeach</a> on First Avenue, around 700 metres away from the new project.

Amaya, under construction and slated for completion next year, features 120 apartments and is 95 per cent sold.

<a href="https://www.urban.com.au/new-apartments/affinity-broadbeach-42-46-chelsea-avenue-broadbeach">Affinity Broadbeach</a> will follow a similar footprint, with 185 two and three-bedroom apartments, also designed by DBI.

The recreational amenities for residents will be situated on the fourth level, offering a range of facilities such as a swimming pool, residents' lounge, community living area with barbecue and outdoor dining space, gardens, gym, sauna, and a yoga/meeting room.&nbsp;

The Abedian family, who founded Sunland, is set for its first Broadbeach development having secured two side-by-side sites on Mary Avenue, opposite the Broadbeach State School.

Now under their new private family development company,&nbsp;<a href="https://www.urban.com.au/developers/arium">Arium</a>, bought the amalgamated 1,518 sqm site across 14-18 Mary Avenue that had been earmarked for Eternity, the second Broadbeach tower by Leo Sarris's Bassar Group following on from their nearby completed project Infinity. Then they bought the 600 sqm next door at 20 Mary Avenue from&nbsp;<a href="https://www.urban.com.au/developers/little-projects-co">Little Projects</a>, creating a development site of over 2,100 sqm.

Since Urban revealed the purchase back in April, <a href="https://www.urban.com.au/developers/arium">Arium</a> is yet to reveal what it's doing with the site. A few weeks later, Urban again revealed another site purchase, also in Broadbeach.

They secured a 516 sqm site at&nbsp;<a href="https://www.urban.com.au/new-apartments/11-anne-avenue-broadbeach">11 Anne Avenue</a>&nbsp;from&nbsp;the&nbsp;Brisbane-based&nbsp;<a href="https://www.urban.com.au/developers/di-carlo-property-group" target="">Di Carlo</a>&nbsp;Property Group, who had approved plans for a 17-level tower with 15 full-floor, four-bedroom apartments.

During 2021 and 2022, the suburb gained immense popularity among interstate investors, with inquiries from those seeking off the plan apartments from New South Wales and Victoria exceeding 40%

Why it's all about Broadbeach...still

The development Abedian family has continued to bulk out its new apartment pipeline under its new private development company, Arium.

Having filed for a striking new building on the Greenmount Beach Hotel site in Coolangatta, and more recently securing two adjoining sites on Mary Avenue in Broadbeach, family patriarch Soheil Abedian has emerged as the buyer of a 516 sqm site at <a href="https://www.urban.com.au/new-apartments/11-anne-avenue-broadbeach">11 Anne Avenue</a>.

The site was bought from the Brisbane-based Di Carlo Property Group, who had approval for a luxury 17-level tower they were calling Lusso, Italian for skyhome.

<img alt="Lusso" data-entity-type="file" data-entity-uuid="e8893e6b-0c3e-488a-9317-9280b29b6c1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-13%20at%202.35.38%20pm.png?VersionId=LH8.8pM5uWlAto6K5Q3joqrEH6M4fXAN" />

The tower, designed by HAL Architects, was to have 15 full-floor apartments with four bedrooms and over 200 sqm internally.

It was only last month that Urban reported the Abedian's purchase of two adjoining sites on Mary Avenue.

They bought an amalgamated 1,518 sqm site at 14-18 Mary Avenue from Leo Sarris' Bassar Group who were planning a luxury tower Eternity. They then secured the 600 sqm next door at 20 Mary Avenue from Melbourne-based developer <a href="https://www.urban.com.au/developers/little-projects-co">Little Projects</a> who had two different towers launched over the last few years before scrapping the project.

The site, now over 2,100 sqm, faces the&nbsp;<a href="https://www.urban.com.au/new-apartments/broadbeach-qld">Broadbeach</a>&nbsp;State School and will offer protected viewlines to the ocean.

Sahba Abedian, son of Soheil Abedian who founded Sunland back in 1983, announced the family back in the development scene in May 2023 when they filed plans for a new luxury project on the Greenmount Beach Hotel site, a site that was bought from Sunland for over $42 million through an onmarket campaign.

They had planned for a&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-abedian-familys-plans-for-coolangattas-greenmount-beach-hotel-site-revealed">spaceship-looking tower by Contreras Earl Architecture</a>&nbsp;that would have had 54 apartments across 16 levels. However, in March they sought to change up the design, instead opting to create a two buildings on the sprawling 7,071 sqm block which will have 63 apartments.

<a href="https://www.urban.com.au/developers/arium">Arium</a> is only using two of the three sites as part of the Coolangatta development. They advise a 2,934 sqm portion on the corner of Eden Avenue and Hill Street will be used for stage two of the project.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-completely-redesign-greenmount-beach-hotel-redevelopment-in-coolangatta">First look exclusive: Abedian family completely redesign Greenmount Beach Hotel redevelopment in Coolangatta</a>

<img alt="First look exclusive: Abedian family line up next Gold Coast apartment development after multiple site acquisitions" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-01%20at%203.02.25%20pm.png?VersionId=ZzN07l3CctC3zy3bTHQnbsdQxXKBI9TM" />

The Abedian family shut up shop of Sunland Group in 2022, shedding its assets and finishing its final tower, the luxury Mermaid Beach tower 272 Hedges Avenue.

Sunland was behind some of the Gold Coast's most well-known buildings, including Palazzo Versace and Q1.

When telling shareholders Sunland was exiting the development game, the Abedian family always said they would run a private development company.

It was only last month that Urban reported the Abedian's purchase of two adjoining sites on Mary Avenue

First look exclusive: Abedian family go again in Broadbeach

Fresh off the back of redesigning their Coolangatta development on one of the best sights in the southern Gold Coast, the Abedian family, who have been at the forefront of Gold Coast development for four decades, is continuing to bolster its local development pipeline.

Urban can reveal the Abedian family, who is now operating under their private family development arm <a href="https://www.urban.com.au/developers/arium">Arium</a> having closed up Sunland in 2022, has secured several adjoining sites on Mary Avenue, Broadbeach, facing the <a href="https://www.urban.com.au/new-apartments/broadbeach-qld">Broadbeach</a> State School which means viewlines to the beach and the ocean are protected.

They bought the amalgamated 1,518 sqm site across 14-18 Mary Avenue that had been earmarked for Eternity, the second Broadbeach tower by Leo Sarris's Bassar Group following on from their nearby completed project Infinity.

Arium has now emerged as the buyer of the site next door at 20 Mary Avenue, a skinnier site at just over 600 sqm that had been owned by the Melbourne-based <a href="https://www.urban.com.au/developers/little-projects-co">Little Projects</a>.

<img alt="20 Mary Avenue" data-entity-type="file" data-entity-uuid="93a41b95-551b-44d5-a47e-e69d1797ceb3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-01%20at%202.53.49%20pm.png?VersionId=Bc3ZEpvzo9gygkTPD6qkUBjgEt9mj87z" />

Little Projects secured the site in 2021 and initially laid plans for a skinny but luxury luxury whole-floor development dubbed Aperture.&nbsp;

Nearly all of the 29 apartments across the 34-level Elenberg Fraser tower were spoken for, with sales predominantly driven by the COVID-induced boom on the Gold Coast.

However, the Gold Coast City Council knocked back the project and Little Projects went back to the drawing board, cutting the tower in half and creating a curved facade. At the time&nbsp;of lodgement, the developer put the site up for sale but failed to find a buyer. The newly designed project, Atelier, is approved with council with 17 apartments.

The side-by-side sites now total over 2,100 sqm and allow Arium to create something more likely to be financially feasible compared to smaller buildings on narrower sites.

Sahba Abedian, son of Soheil Abedian who founded Sunland back in 1983, announced the family back in the development scene in May 2023 when they filed plans for a new luxury project on the Greenmount Beach Hotel site, a site that was bought from Sunland for over $42 million through an onmarket campaign.

They had planned for a <a href="https://www.urban.com.au/news/qld/first-look-abedian-familys-plans-for-coolangattas-greenmount-beach-hotel-site-revealed">spaceship-looking tower by Contreras Earl Architecture</a> that would have had 54 apartments across 16 levels. However, in March they sought to change up the design, instead opting to create a two buildings on the sprawling 7,071 sqm block which will have 63 apartments.

Arium is only using two of the three sites as part of the Coolangatta development. They advise a 2,934 sqm portion on the corner of Eden Avenue and Hill Street will be used for stage two of the project.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-completely-redesign-greenmount-beach-hotel-redevelopment-in-coolangatta">First look exclusive: Abedian family completely redesign Greenmount Beach Hotel redevelopment in Coolangatta</a>

<img alt="Abedian" data-entity-type="file" data-entity-uuid="595fbff3-f58a-4b38-a6b7-97d79499a463" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-01%20at%203.02.25%20pm.png?VersionId=ZzN07l3CctC3zy3bTHQnbsdQxXKBI9TM" />

The Abedian family shut up shop of Sunland Group in 2022, shedding its assets and finishing its final tower, the luxury Mermaid Beach tower 272 Hedges Avenue.

Sunland was behind some of the Gold Coast's most well-known buildings, including Palazzo Versace and Q1.

When telling shareholders Sunland was exiting the development game, the Abedian family always said they would run a private development company.

&nbsp;

Sunland was behind some of the Gold Coast's most well-known buildings, including Palazzo Versace and Q1

First look exclusive: Abedian family line up next Gold Coast apartment development after multiple site acquisitions

Arium, the new apartment development arm of Sunland's Abedian family, has rethought its plans for its prime Greenmount Beach Hotel site, one of the best undeveloped sites on the Southern Gold Coast.

It was 2021 when the Abedian family paid $42.3 million for the amalgamated 7,071 sqm block, bordering Marine Parade, Eden Avenue and Hill Street, before going into planning mode for the prime site which sits between Rainbow Beach and Greenmount Beach and offers never-to-be-built-out views over the sand.

In May 2023 Arium submitted plans for a 16-level tower with 54 apartments designed by Contreras Earl Architecture.

<img alt="Abedian" data-entity-type="file" data-entity-uuid="c278b11b-ef81-492c-96c2-2d9d0ef1df9c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-26%20at%209.39.37%20pm.png?VersionId=lTJRLfOTlMtbcdNEkSs5GSpwyfK0hfLB" />The former plans by&nbsp;Contreras Earl Architecture.

But now Arium has filed new plans with the Gold Coast City Council, with 111 Design Studio proposing a complete redesign which has changed the scale and density of the project.

There will now be two towers, both 14 levels, two levels lower than what Arium had pitched nearly 12 months ago.

<img alt="Greenmount" data-entity-type="file" data-entity-uuid="f9639ad1-91e2-4639-a1e4-bbf0235ef359" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-26%20at%208.58.10%20pm.png?VersionId=jTE197DZEUl2dzxPBT4sptPN6S9PoUCt" />The new plans by&nbsp;111 Design Studio.

Zone Planning Group wrote in their Planning Assessment that the decision to remove two levels was made to respond to the context of the area and the height of the Norfolk Island Pines trees on Greenmount Headland, as well as to be consistent with the neighbouring Rockpool development by Joe Adsett which is also 14 levels.

There will now be 63 apartments, 28 in tower one and 35 in tower two. The towers will be divided by a striking central entry area which will have water features and a lap pool in landscaping by Urbis.

<img alt="Abedian" data-entity-type="file" data-entity-uuid="072f55ca-f615-49c0-ae48-225ca6795b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-26%20at%209.01.07%20pm.png?VersionId=0EzBdvU5TlDnUr3YFMNpFaNbnoEkRRtU" />

Each tower will have two, three and four-bedroom apartments. In total, there will be 15 two-bedroom apartments, 38 three-bed apartments, and 10 four-bedroom apartments.

Four of the 10 four-bedroom apartments will be the penthouses, each occupying half a floor and spanning two levels. They will have half of a rooftop which will feature a plunge pool in each corner of the building as it curves to overlook&nbsp;Marine Parade and the beaches. There's also a roof terrace, dining area and landscaped gardens.<img alt="Abedian" data-entity-type="file" data-entity-uuid="80f66d7d-0ca0-4140-9e66-2c2a99be7e64" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-26%20at%209.01.39%20pm.png?VersionId=RkO7E4BKLz1kK0YLpQkdZavExT8ocGNT" />

The ground floor of Tower One will have a wellness centre, with four hot and cold plunge pools, a sauna, a steam room, a salt cave, and a central room labelled snow, an uncommon wellness feature which is a room "chilled to a perfect 14-degrees Fahrenheit and features actual snow flurries all year round."

The foot of tower two will home a pilates and yoga studio, a gym, a kid's play area, a function room and a meeting space.

There will be 145 resident&nbsp;car parking spaces and 10 visitor car parking spaces within two basement levels.

<img alt="Abedian" data-entity-type="file" data-entity-uuid="56f4cad5-bc85-423d-8b7c-b8c13bb8b872" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-26%20at%209.19.39%20pm.png?VersionId=ZhXTWUzxkKtQdw96xJiqCnq7AGIoEvYA" />The prime site at 55 Eden Avenue.

Zone Planning Group said the development adopts a high-quality architectural appearance comprising a unique façade where extensive curved glass panels wrap around the balconies.

"The tower form also comprises of distinctive shape in which the tower floorplate increases in size up to Level 9 and then tapers in up to Level 14. The tower appearance consists of a fluid/rhythmic appearance to complement the natural/coastal setting of the site."

<img alt="Abedian" data-entity-type="file" data-entity-uuid="108a93cc-42a6-4d2f-bf46-b2bb01fda243" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-26%20at%209.00.52%20pm.png?VersionId=wgG8uo299kfv1L_WFMNPVoEag4h9pWXH" />

The Abedian family shut up shop of Sunland Group in 2022, shedding its assets including its&nbsp;<a href="https://www.urban.com.au/developments/benowa-qld" target="">Benowa</a>&nbsp;retail. They recently completed the build of 272 Hedges Avenue which was their last residential development.

Sunland were behind some of the Gold Coast's most well-known buildings, including Palazzo Versace and Q1.

When telling shareholders Sunland was exiting the development game, the Abedian family always said they would run a private development company.

Arium is only using two of the three sites as part of this development. They advise a 2,934 sqm portion on the corner of Eden Avenue and Hill Street will be used for stage two of the project.

The Abedian family's new development arm, Arium, has filed new plans for the site at 55 Eden Avenue


First look exclusive: Abedian family completely redesign Greenmount Beach Hotel redevelopment in Coolangatta

Two years ago the Greenmount Beach Hotel, one on of the most sought-after, beach-facing development sites on the Southern Gold Coast, sold to Sunland's Abedian family for $42.3 million.

Now, Urban can reveal what is being planned for the 2,934 sqm site which straddles 3 Hill Street and 55 Eden Avenue.

Sahba Abedian and his brother-in-law&nbsp;Riaz Rezvanipour, who are behind the new development company Arium, have submitted plans for a 15-level tower with 54 apartments designed by Contreras Earl Architecture.

To be notified when the project hits sales, <a href="https://www.urban.com.au/new-apartments/55-eden-avenue-coolangatta">enquire here</a>.

<a data-entity-type="file" data-entity-uuid="b5a10f65-a3d7-408d-bdb0-6dbf7fefde82" href="https://www.urban.com.au/new-apartments/55-eden-avenue-coolangatta"><img alt="Arium Eden Avenue" data-entity-type="file" data-entity-uuid="b5a10f65-a3d7-408d-bdb0-6dbf7fefde82" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-29%20at%209.05.31%20am.png?VersionId=K96aPhrbmOnRJdrUBJYNQYYSl2pzul8V" /></a>

Of the 54 apartments, 41 will be three-bedroom apartments, a move which Sunland have been known for in previous towers.

Their 272 Hedges Avenue tower in Mermaid Beach had 6 three-bedroom apartments, and their planned tower on Peerless Avenue nearby has 64 three-bedroom apartments.

In the new tower, there will also be 12 two-bedroom apartments, and a single four-bedroom apartment.

The entry from Eden Avenue to the building is past resort-style facilities. A spa with two treatment rooms will sit next to a swimming pool and adjoining plunge pool. There will be a concierge on the ground floor.

The four-bedroom penthouse will have its own rooftop, complete with a private infinity pool,&nbsp;a gym, steam room, sauna, outdoor terrace, and a kitchenette.

<a data-entity-type="file" data-entity-uuid="ed1639f9-d7c5-41db-a2c2-9237b3363891" href="https://www.urban.com.au/new-apartments/55-eden-avenue-coolangatta"><img alt="Abedian 55 Eden" data-entity-type="file" data-entity-uuid="ed1639f9-d7c5-41db-a2c2-9237b3363891" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-29%20at%209.05.38%20am.png?VersionId=hgrB3SfIX0Ls6TrrVSNex9uXwIS6txFP" /></a>

In their Design Statement submitted to the Gold Coast City Council, Contreras Earl said the development is positioned in a special location in Coolangatta.

"The location, nestled between the beaches of Greenmount and natural vegetation, provides a unique opportunity to create a residential landmark that coexists with the natural environment. This location conveys a sense of arrival in the Coolangatta neighbourhood.

"This iconic building will create a unique sense of arrival to the prospering suburb of Coolangatta, as well as a beautiful visual addition to the Coolangatta/Greenmount beach corner, as approached from Marine Parade from the east."

<a data-entity-type="file" data-entity-uuid="dd6fa9c5-ec51-45c3-87c1-c0661911480a" href="https://www.urban.com.au/new-apartments/55-eden-avenue-coolangatta"><img alt="55 Eden Abedian" data-entity-type="file" data-entity-uuid="dd6fa9c5-ec51-45c3-87c1-c0661911480a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-29%20at%209.02.57%20am.png?VersionId=ET3d5pnekKENf5OGB7c7rd840HD20N7I" /></a>

They said the tower’s design is inspired by the surrounding vegetation and plants.

"The tower expresses its vertical structure to beautifully articulate the massing of the tower achieving an elegant and strong verticality that resemble a blooming flower.

"The façade columns are unique and performative since they are the main structure of the whole tower, helping to achieve large living open spaces and most importantly to achieve the strong tapered definition of the tower which allows to minimise the footprint of the building and allowing to increase the landscape areas of the ground level."

<a data-entity-type="file" data-entity-uuid="21ce1aff-5c59-46d4-8f39-3a985577993c" href="https://www.urban.com.au/new-apartments/55-eden-avenue-coolangatta"><img alt="55 Eden Abedian" data-entity-type="file" data-entity-uuid="21ce1aff-5c59-46d4-8f39-3a985577993c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-29%20at%209.05.10%20am.png?VersionId=5kDOHMdS3Jranz6lVlIrhVNczMyd4cJm" /></a>

Contreras Earl said the "challenge conventional architecture" to contribute to the evolution of cities.

"Our design process is motivated by a careful examination of contemporary life and the desire to create structures that coexist with the built and natural environments. The built form of the proposed building is a progression of the conventional box-shaped frame seen in many traditional developments.

"The final design is informed by varying factors that purposefully guide the design outcome. The resultant building expresses the vertical structure of the tower as an elegant mean of articulation."

The Abedian family shut up shop of Sunland Group last year, shedding its assets including its Benowa retail precinct for $16.5 million. They recently completed the build of 272 Hedges Avenue which was their last residential development.

Sunland were behind some of the Gold Coast's most well known buildings, including Palazzo Versace and Q1.

When telling shareholders Sunland were exiting the development game, the Abedian family always said they would run a private development company.

To be notified when the project hits sales, <a href="https://www.urban.com.au/new-apartments/55-eden-avenue-coolangatta">enquire here</a>.

Sahba Abedian and his brother-in-law Riaz Rezvanipour, who are behind the new development company Arium, have submitted plans for a 15-level tower with 54 apartments designed by Contreras Earl Architecture

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